Goldwind guarantees subsidiaries' Morocco wind power project

Goldwind Technology is providing a guarantee for its wholly-owned subsidiaries, Goldwind International Holdings (Hong Kong) Limited and Goldwind Morocco (SARL), for their obligations under a wind turbine supply and installation agreement with Energie Eolienne du Maroc (EEM). The total guarantee amount is capped at $29,561,600.00, covering Goldwind International for $25,422,976.00 and Goldwind Morocco for $4,138,624.00. The guarantee period extends from the signing date of the "Wind Turbine Supply and Installation Guarantee Agreement" until the seller's obligations are fulfilled.

Goldwind International's liabilities as of August 31, 2025, totaled 19,313,271,697.38 yuan, with a net profit of 1,452,606,442.88 yuan. Goldwind Morocco, established on September 7, 2023, reported negative net assets of -837,844.17 yuan as of December 31, 2024, but had positive net assets of 1,857,312.87 yuan as of August 31, 2025, with a profit of 2,676,677.00 yuan. The company highlighted that Goldwind International and Goldwind Morocco have asset-liability ratios exceeding 70%, advising investors to be aware of the guarantee risk.

This guarantee, a joint and several liability, falls within the scope of guarantees approved by the company's 2024 annual shareholders' meeting for wholly-owned subsidiaries within its consolidated financial statements. The guarantee amount represents 0.54% of Goldwind Technology's audited net assets for 2024. As of now, the company and its subsidiaries have no overdue guarantees or guarantees involving litigation.